NEW YORK, NY - A new report indicates that car insurance costs are increasing at a faster rate than any other service purchased by consumers. In just three years – from December 2020, during the midst of the COVID-19 pandemic, to December 2023 – car insurance rates have increased a whopping 43 percent, according to the latest consumer price index data from the Bureau of … [Read more...] about Report: Car Insurance Rising at All-Time Record Rates, Increases 43% Since 2020
Market Updates
Proposed California Law Would Mandate Speed-Limiting Tech in New Cars
SAN FRANCISCO, CA - If a new bill in California proposed last week were to be eventually be signed into law, it would mandate that new vehicles be installed with tech that would prevent them from being able to speed anywhere within the confines of the state. The Speeding and Fatality Emergency Reduction on California Streets – otherwise known as SAFER California Streets – is … [Read more...] about Proposed California Law Would Mandate Speed-Limiting Tech in New Cars
U.S. Auto Industry Facing Growing Threat from China, New Report Says
WASHINGTON, D.C. - Despite the fact that the country does not directly sell vehicles to United States consumers, a new report indicates that Chinese automakers are constituting a growing threat to America, capturing an increasingly large number – and rising – of sales throughout Asia, Europe, and other countries around the world that the U.S. also exports to. During 2023, … [Read more...] about U.S. Auto Industry Facing Growing Threat from China, New Report Says
Federal Public Electric Vehicle Charging Network to Expand to 500,000 by 2030
WASHINGTON, D.C. - There have been a number of aspects working against the widespread adoption of electric vehicles (EVs) in the United States. One of those issues involves the concept of “range anxiety,” which is a driver's fear that their EV has insufficient electric charge remaining to cover the road distance needed to reach either its intended destination or a battery … [Read more...] about Federal Public Electric Vehicle Charging Network to Expand to 500,000 by 2030
BMW Posts Record Sales; Says Growth Targets for Fully Electric Vehicles On Pace
WOODCLIFF LAKE, NJ - The prestigious automaker, BMW Group, is breaking its records high and dry. Its official scorecard from 2023 flaunts a stamp of success, as the company notches impressively close to its 15% aim for battery-electric vehicles (BEVs) market share. With an unblinking eye on the future, BMW is expecting to exceed its past performance and is targeting to sell … [Read more...] about BMW Posts Record Sales; Says Growth Targets for Fully Electric Vehicles On Pace